for deutsche telekom, we have seen some heat from politicians in the u.s.nd germany from some investors over these alleged violations of labor laws. in the meantime, cwa, a decade into their campaign, has not been able to get collective-bargaining contracts for any more than a handful of the 45,000 employees there. david: we are talking about dozens? >> that's right, there are hundreds of employees or 1000 who have shown that they want to be part of cwa but it has not been able to get contracts for more than a few dozen workers at t-mobile. david: do the members site specific grievances with t-mobile and deutsche telekom? >> among the things that workers have raised as concerns are pressure in terms of workload and pace. there are allegations that people make about things like being told to wear a dunce cap if you don't get your work done top or managers shaking people's chairs and telling them to work faster. david: t-mobile has rebuffed these efforts for the workers to unionize but trying to find a new way for them to voice grievances and workers are skep

all of the things one wants from a telecom company, deutsche telekom are doing. i guess the counter argument to jumping into these markets is -- money is basically free right now. you look at what corporate are able to raise money at, and they are at historic lows. why not expect more from the mma space because money is so cheap? >> in principle i expect we should see more mergers and acquisitions. i wear if merger and acquisition financialis due with territory. the overlay with that is, how much politics is there that will constrain prudent business driven merger and acquisition activity? and, take the united states, which has been an open market where a monet been highly successful -- it has driven value. in europe, the con strengthen controls of mma activity are so much greater. -- the constraints and controls of mma activity are so much greater. .uy: james, thank you speakt, we will exclusively to the ceo of russia's largest bank. we will ask them what is to come for his bank, the russian economy and of course, the price of oil. all of that next here on "on t

telekom shares are doing the worst.ealth care is helping to lead the gains and energy shares are also trading higher. the fed minutes are coming out later today. on how the details doves and the hawks breakout. the treasury market, we see the yield on the 10 year coming up a little bit. a two-year is unchanged at this point. we continue to watch currencies, inecially the japanese yen the wake of the action yesterday. 11004 right now as the dollar falls against it. a little bit of a reversal of yesterday's move. very slightly higher at the moment and oil, a quick check. inventories are coming out in just under 30 minutes. ahead of that, there is some optimism. maybe a drop in inventories. we see that up 3%. little changed after the biggest drop yesterday in six -- in six weeks. we will talk about it in seconds. in play after the pfizer allergan deal fell apart. company, shares are up as much as 10% today, the most since 2003. the company betty reported, first quarter profit that beat estimates. it is phasing out less luc