anna and i caught up with jes staley a couple of weeks ago. want to say a great deal about it, but is this all to do with -- tos would be a radical move bring barclays and standard chartered together on the back of a 5% shareholder? russell: it does seem a radical move. branson is known for his activist role in other companies, including british financial institutions. he has expressed an interest in shrinking operations at barclays and in start contrast to what jes staley wants to do, he is dogged in his desire to pursue investment trading of that business which has been underperforming. and is an area of conflict we will have to see how this plays out. some barclays and it -- board members have met with the shareholder, so we have to see how that relationship regresses. , bloomberg's ward asia finance editor in tokyo. --clays reaching out to both bloomberg reaching out to barclays and standard chartered and other names on this. standard chartered telling onomberg, we are focused executing our strategy and do not comment on this speculation.

just daily as his successor a notable show of support while staley is actually under investigation for alleged attempt to identify a corporate whistleblower. and he. talk about the business of advertising and markets is michael dell pierre the co-founder and c.e.o. of conversion pipeline michael thank you so much for being with us really appreciate you make in the trip so i'm an advertiser i call conversion pipeline i think michael what's the best way to advertise in today's day and age in terms of digital advertising google and facebook in that order and is is facebook sort of the be all end all because they have those detailed analytics the tell you about where they are in everything as opposed to google which i guess just tells you where searches are as it was the main difference is primarily but if you look at google google conducts three point five billion searches per day facebook on the other hand has over two billion users a day in each user on average spends at least thirty five minutes on facebook the biggest benefit that facebook has is that they know everything about you wh

that is something jes staley has noted publicly.nother thing they are reportedly considering is operation and.k. even more hypothetically, possibly even tying up with other big global banks like deutsche bank are credit suisse. guy: that is interesting. talk to us a little about the sherbourne angle and what sherborne wants. maybe a reduction in risk-weighted assets, and that leading to a significant return to shareholders. is that the epicenter of all this? russell: it does appear to be. that is one of the main demands. ,o shrink the investment bank it uses up a lot of capital and that goes in direct conflict to what jes staley is trying to do. he is trying to boost the investment bank and feels there is a future in investment banking for barclays. they had a good quarter last quarter in the trading, but it hasn't been performing well in recent times. and whatthat conflict this activist shareholder wants to do is shrink that operation, which has about 25 billion pounds of capital and distribute that more to shareholders. we will ju

offensive tackle joe staley posted some great photos with his mom and wife and warriors guard shaun livingstond a shot of the next generation of mama jo. finally yours truly took to social media today. saying happy mother's day but ackowledging that the stroller used at age 1 may not have been big enough. happy mother's day! (michelle) two new movies fared pretty well in their opening weekend... but the reigning champ is still in a league of its own. david daniel has the box office roundup. six straight weekends in the top five for "a quiet place," which made six-point-four million dollars for a total of 170-million. "overboard" fell from second to fourth, earning 10-point-one million dollars for a 10-day total of 30-million.(nat)"breaking in," starring gabrielle union, opened at number three with 16- and-a-half million dollars. (nat)"life of the party," starring melissa mccarthy, was the top new movie, grossing 18- and-a-half million dollars to debut second.(nat)"avengers: infinity war" cruised to a third straight weekend win: 61-point-eight million dollars gave the blockbuster 548-million --

the bank faced uncertainty over its leadership following a misconduct inquiry over jes staley mcfarlandthe comments yesterday. >>> standard chartered reported a 20% rise in pretax profits beating expectations it cited a surge in loan demand and improved asset quality the banking group reported a cet 1 ratio of 13.9%, up 26 basis points since the end of last year we're joined by andy halford chief financial officer of standard chartered your impairment charges, they're looking better still talking about tens of millions of dollars. looking to reexpand business into areas that you left, territories that you left. what guarantee do investors have that these days standard chartered will be a more responsible bank with its money in terms of who it lends to? i know you announced a raft of measures what guarantee is there that measures will work >> the focus is on the territories we're operating today. we're not looking to expand outside of those at this point in time. we're sticking what we do well and trying to do that better that should provide reassurance. we have seen a good trend on loan

certainly what just daily -- just staley did was wrong. punishment. francine: how long does he stay with the bank? >> he has been tainted since this first broke. the board have kind of really rally behind him. they want to stay on. i can only imagine if there was a groundswell of rebellion a monk shareholders, investors -- among shareholders, investors, he would have gone. he is back on his feet again. they reported a good trading results in the first quarter of the year, which will strengthen his hand against an active investor. a lot of things have been going his way. far --s been heavier so has been his year so far. francine: thank you so much. let's get straight to the bloomberg first word news. oglala merkel is critical of president trump's decision to pull out of the iran nuclear deal. meanwhile, merkel discussed the matter with vladimir putin. the kremlin said they agree to keep complying with a run agreement.- iran the eu is looking to limit the impact of sanctions on business is doing business with iran. german economy minister is

. >> garafolo continued the party this week with joe staley and the rest of the offensive line.cores the 2nd of 3 unanswered for the golden knights on a one- time beauty,vander capable rifled one past mark andre flurry. vegas's lead down to just 1. the sharks were down to their final 2 minutes. there was a scrum in front of the net. he flames it in to tie the game at, and force overtime for the 2nd straight game. logan cue picture came controls to ending it, but and dry flurry made the save of the night, and they played on. william carl son got a breakaway. sniperred one past jones. and vegas wins 4-3 to take a 2- 1 series lead. >>> baseball, give you the bad news first. joe pan nick had surgery to repair a torn ligament in his left thumb for analogiry he suffered on friday. he counsel out 6 weeks. >>> meanwhile, an orange full moon, framed by palm trees at the ballpark last night, which means something has to happen good for the giants, right? this will work. numb humley, a single in the 9th inning against the padres. the giants rally with 2 outside, and they win 6-5. a lot of

the boss of barclays — jes staley — has been fined more tham £6a2,000 for the way he handled a whistleblowerement. npower is the latest energy company to raise its prices. they'll go up by 5.3% from next month — putting up the average bill by around £61! a year. the move affects a million people. potholes are costing insurers and drivers a million pounds a month. the aa says that's the amount it's costing to fix vehicles damaged by bad roads. the number of claims so far this year is the same as for the whole of last year. looking at the issue of renting — and it's no longer the preserve of the young. people in their 40s are renting in large numbers as well? yes, an older generation is now getting into the market, research shows that the proportion of people between the ages of 35 and 50 who are renting privately as opposed to two the council and housing associations that has doubled in the past decade. several reasons, the fact that house prices have gone up beyond be reach of many people so they are renting, and also when we had the financial crisis, in the aftermath of that, banks were for

special thanks to becca staley, julie crosby and dennis monahan.nk you for joining us. çç -george kourounis: as global temperatures rise, theololar i c caps aareisappearg an alarming rat as a result, mo and more cecebergare e shing up in t t warmer waters of canada tracking the gwiwing numbmberf icebebgs is crial, because understdding w t the momo and how they disintegra ishe k keyo undedetanding the melting of arct i ice. i'll see howt't's do. from above... thwawaves e jujusthootinin high up intthe air because of e beberg from below.. and fm the very top ofof an eberg onhe m mov i'm goingo o plac th beacoco melting ices s earts arningngignal and icebes s are undiding an arm bell about our imamate fufutu.

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david: where does this -- how much of this is a dispute between the chairman on the one hand and jes staleythe other, maybe this is where this is coming from. jonathan: i think that is exactly where this is coming from. the chairman worked for standard chartered. he is said to be unhappy about the area of africa. and the u.k. is the focus for the ceo. this is not the time to be barking on the return to growth of balance sheet lending. david: i want to pull up a chart which compares the performance of standard chartered and barclays, both are doing better than over all the stocks for 600 banks, although barclays is doing substantially better than standard chartered. what about the reserves? you have two banks with financial reserve requirements. -- if you put are them together and look at the pra in the u k, that buffer is going to go up. this is the opposite of what banks want at the moment. the other thing to bear my does is, this is ad complicated unknown, standard chartered into barclays, we do not know what that means for capital. this is not the time to be, getting the issue. david: we

my dad staley loved, and he is sorely missed. —— is dearly loved. and find out if anyone needs some water. i think, martin, the other thing is, this third tribute is going to be followed by a recording which contains saber‘s voice. followed by a recording which contains saber's voice. that is correct, it will be followed by the la st correct, it will be followed by the last message that saber left his brother. are you ready? i'm reading this statement on the behalf of flora neda, saber's wife, now a widow. for almost 20 years, we lived happily together on the top floor of 6 re nfell tower. happily together on the top floor of gre nfell tower. we lived happily together on the top floor of grenfell tower. we lived there with ourson, grenfell tower. we lived there with our son, farhad. we were both born in afghanistan, and grew up there. we met in kabul in 1989. i had finished my teaching degree and was teaching in a primary school in kabul. my colleague and best friend introduced saber to me, he was her brother—in—law. i was 26 years of age at the tim

just daily as his successor a notable show of support while staley is actually under investigation for alleged attempt to identify a corporate whistleblower. and here to talk about the business of advertising and markets is michael dell pierre the co-founder and c.e.o. of conversion pipeline michael thank you so much for being with us really appreciate you making the trip so i'm an advertiser i call conversion pipeline i think michael what's the best way to advertise in today's day and age in terms of digital advertising google and facebook in that order and is is facebook sort of the be all end all because they have those detailed analytics the tell you about where they are in everything as opposed to google which i guess just tells you where searches are as it was the main differences primarily but if you look at google google conducts three point five billion searches per day facebook on the other hand has over two billion users a day in each user on average spends at least thirty five minutes on facebook the biggest benefit that facebook has is that they know everything about you w