that really did change the political dynamics within europe. ia really moved beyond the pale with that move. i think that changed the way people were thinking in business. you saw that impact on the dax. i think people are getting more used to the status of russia as it is. it is not a great situation, but it no longer has the shock and surprise. jonathan: as you look at europe and strip out the politics, is it easy enough to say that this is just a qe trade until you see something more fundamental here? a lot of people say, great, equities are going higher. is there more to the story than that? guest: i think there is. there is an underlying improvement in the macro before qe. valuations were attractive and you had oil price falling as well. all of those things are helpful. plus, bank lending had been beginning to improve as well. in the short-term, we've had quite a big trade on it. jonathan: lucy mcdonald, she is optimistic. nouriel roubini is optimistic. president draghi is optimistic. up next, a year ago, i sat in a cafe and watched my brea

the euro. to recover in europe. it's working. rogram -- renew this program is open-ended and massive. it has to work, at least at the beginning. it has to be straight. the recovery is very modest. we are talking about a very low rate of growth. the debt problem in europe is not been resolved. guy: is the growth strong enough to offset the problems we face? the growing debt unemployment? mr. bjejer: there is a possibility there is a dynamic here that t throughhe rate through the credibility of the central bank, through the recovery that the rate will go up. but you still have problems in certain countries, problems of credibility. in the long run. and you still have the debt problem. the debt in europe is going up. this problem will have to be resolved that some point. particularly in certain countries. not to talk about extreme countries like greece but the burden of the debt is a burden that is some way putting a brake at the ability of europe to grow at rates that will resolve the problem. guy: this is a holding action? mr. bjel

the world. we have plans in europe for china and the american market and we are committed to europe to grow as longour market is growing. our market is growing but not as fast as in the u.s. to stop the global market will grow more with gdp. we are growing much faster because our innovation allows us to grow much faster. if you take an example here, we are round 9% in europe. the difference is all of the innovation well brought into the european market. we are committed to the european market. we are breaking a lot of innovation. jonathan: we will talk about products in all moment. in terms of diversification, a weaker euro does it make much of a difference to your company? jacques aschenbroich: not much. as i told you, intercontinental products a protection for us. when the euro is strong [indiscernible] now it is weaker. jonathan: take advantage of the funding conditions? jacques aschenbroich: of course where to make an acquisition. we are committed to the growth. we are not excluding acquisition. our growth is around 8%, 9% a year. what we will say later today, we think we are the technology to

equities opening lower across the board in europe. borrowing costs are coming down for the likes of germany, currently at 0.38% on the 10-year. there is some concern being shown. borrowing costs rising for greece. once again concern that there is disagreement between the new government and the eurogroup. let's look at how the euro is reacting. coming off those lows. interesting moves in oil, which are coming a little bit flatter. it has been trading lower today. there are some issues that you might see global inventories build again. so says goldman sachs. keep an eye on mining today. let's look at some of the stocks being affected. china, we saw that overall, we are starting to see commodity trade slowdown. the lunar new year holiday really crimping oil and iron ore. iron ore really starting to see the effect on bhp billiton, down more than 1% on the fact that we are seeing surplus. prices likely to fall for iron ore. wpp, biggest advertiser in the world beating analyst estimates. it is north america and the united kingdom that made u

elliott: well, compared with the europe, the israeli economy is going great. e number one trading partner. it has grown by more than 3% next year. you have the record lows. boosting the housing markets but that is not many israelis reason to cheer. not iran or piece with palestinians but the soaring of houses and cost of living. many cannot afford to buy a home. that resonates among many u.k. voters. ordinary israelis find it hard to make end's meet each month. my grocery bill here is significantly higher here that when i lived in the u.k. so many more things are more expensive even if they are made in israel and they are cheaper when exported. the cost of living is one of the biggest issues. the business community will probably be happy either way. we saw the stock market hitting their record the other day. jonathan: this is as usual. thank you, elliott goggin. for you listening on the radio, first word is up. for viewers, "the pulse." we are joined by the host guy johnson. guy: macro themes. teh fed and in the british budget print you wonder which will be mor

but can say that mario draghi is very upbeat about the economic developments here in europe. now predicting that gdp growth on average will reach almost 2% by next year and deflation will be back close to its target by 2017. ecb is declaring victory without having started the qe program in the euro zone. annette. >> did it give the juice it needs? steve liesman looks at whether draghi got it right and the risks that still remain. >> reporter: the economy has been so tough in europe that the only bulls you can find are like these. the ones in the running of the bulls in spain. but now there are real economic bulls. people not running from a ton of angry feet but who are actually optimistic on the european economy. >> we think qe will work. it will help the exchange rate as the exchange rate moves lower and europe a lot more competitive. better news in general for the continent. >> reporter: mario draghi announced much anticipated quantitative easing program on march 9th buying 60 billion euros of public and private bonds a month from now until at least september 2016. he said i

collapse in portugal they hit record lows around the periphery of europe. this morning a 10 year government bond in a germany goes negative. mark carney and friends of treasury select committee in spain talking about greece needing a bailout and the ecb will they reinstate liquidity and access for the greeks? and to the u.k. and what is on the board. barclays is down 1.6%. i will have something later from anthony jenkins. probability that profitability is up and beat estimates. they made bigger provisions on foreign exchange. 750 million pounds of provisions in the fourth quarter. during the conversation jenkins could not or would not -- you said yes to may reasonable estimates and said they were legally binding to do that. they didn't go with other institutions with summative regulators and of -- when some of the regulators and some of the banks. was it a missed opportunity? that is the question. in terms of the rest of the market currencies, you mention the aussie dollar a it's absolutely on a rip. and rallied 1% at one juncture. house prices are up 14% ye

guy: we speak to the orange ceo. europe's biggest tech event. ve from geneva with the head of aston martin and other car executives. guy: good morning to our viewers in europe, good evening those in asia and a very warm welcome to those just waking up in the u.s. i'm guy johnson. francine: i'm francine lacqua. this is "the pulse," live from london. guy: barclays' full-year profit jumped 12% as a bank set aside money for a currency probe. manus, you talked to anthony jenkins. what did he say about foreign exchange? manus: it is not over yet. 750 million pounds in the headlines. the money they've set aside up t o 1.25 billion pounds. they did not settle with the rest of the herd before christmas with regulators in the u.k., switzerland and the u.s. i sense a quiet optimism on closure. >> we are required to provide for what we can reasonably estimate at this time, i cannot say that will be the end of the provision because discussions are ongoing with authorities. manus: he's hoping to get to the end. they rolled the dice, they did not go with the re

europe inimical hostile to the united states. it would become more vulnerable eventually as technology was changing, more vulnerable to threats from europe. in any case on december 15 and , december 1915, wilson and his state of the union speech talked very focused, it was focused on military preparedness. he developed and approved a new five-year plan for the navy, which was approved by the senate. in june 1916, after a great deal of debate in congress, a national defense act was approved, which increase the army to 223,000 people. it had been an army of less than 70,000 people. this was a very marked increase. this was cast in terms of defense of the united states not of getting into war. you can see the similaritiesthis was a very between the debate that took place in the united states before 1941. a similar debate that the u.s. does not want to choose sides but should look out for itself in a world that is becoming very difficult. what you also got was an interesting debate in the united states about what the proper role for t

we are joined by jpmorgan's asset management strategist for the u.k. and europe. od morning, stephanie. let's talk about the ecb. details from draghi today on the qe program. when you talk to people, any sense that most of this is priced in? >> some of the debate about how long you are going to see an effect on yields when you've already seen interest rates fall quite a lot even before the announcement of quantitative easing and since then, so how much more can you get? in the short term, there is more of a practical concern. you've seen prices go so high and yields go so low that you aren't going to want to sell to the european central bank when the expectation is that yields might carry on going lower. there will be some interest about the technical details how they are going to go forward with these processes -- these purchases. they said they will do it according to the t. we don't quite know how they are going to manage that. are they going to pay any price for these bonds? that will be interesting to hear. francine: stephanie, you are absolutely right. there

what was the shape of europe going to be like? at was the shape of the middle east going to be like? suddenly all the arab territories of the ottoman empire were now up for grabs of some sort. they were colonies -- there were colonies to be disposed of in africa and south pacific. there was a real danger that many felt at the time, the europe and the world were going to plunge into even more revolution. the second revolution in russia, of november 1917, had seen a small and fanatical splinter group in the bolsheviks takeover. there was a communist revolution in bavaria. it only lasted for a week come up but it was enough to worry a people. there were militant strikes in britain, canada. there were troubles around the world. there was a real fear that 1918 was not the end of something, it was the beginning of another, even more dreadful period in human history. wilson was right to go to paris. where he made a mistake was in the way he chose his delegation. he did not include any republicans. he included one nominal republican who he

the u.s. army in europe has been critica to nato security. once the cold war ended, u.s. oop levels dropped. today, there are only two brigadcombatat teams and 30,000 u.s. soldiers in europe. under the aligned forces concept,nits from the u.s. are regularly deoyed t there. with moscow's invasion of ukraine, 300american soldiers are reassuring no meers of russia's bordersrs, and touring possibleussian aggression a latvia, lithuania, andoland. itill also arrive in romanania and bulgaria for training. to deter assertive russia, nato leers decided to increase alliance training that will culminate in an exercise and a high readiness joint task force. last week, we met wi the commander of the u.s. army europe, attorney general ben hodges. general hodges: this is more than 20,000 personnel involved. it is touching portugal, spain sardinia. it will have an air component, a maritime component, a special operations component and all the domains will be involved. i am excited about it because it is going to demonstrate alliance c capability. it is also a great opportunity for u.s. ar

the nine mx between the u.k. and europe going to continue to widen from -- dynamics between the u.k. and europe are going to continue to widen. caroline: you work cut off by norway's bank not cutting rates. where will it go? which central-bank in europe is not going to be stimulating apart from the bank of england? >> i cannot pick of one. they have all seem to engage in a european currency war. it is really against what the ecb has done to offset that. they compete in the export markets. i think everyone was caught offguard yesterday by the norwegians. the four cats show they are factoring in another rate cut. -- forecasts show they are factoring in another rate cat. -- cut. the next meeting that is life. beyond that they could cut rates further. mark: he says the frank is still overvalued. what is the right level for euro frank do you think? >> over the medium-term it would have to be above 1.20. whether it is going to get there is highly unlikely. you are seeing the comments was it is overvalued against the euro. it look

live pictures of the solar eclipse in europe. are some people concerned that in the next hour or so we could see a shortage of electricity. we seem to have adopted a great deal of solar electricity over the last few years. if you are thinking of boiling the cattle and having a cup of tea maybe go outside and do not boil the kettle. the solar eclipse taking place. we talk about the electricity later. in the meantime let me talk to you about top headlines. eu leaders meeting in brussels. they have made a pledge to extend sanctions against russia. demanding more concrete reforms from greece. time is running out to overcome a standout over a. alexis tsipras says he is more optimistic after talks last night. some other stories, the israeli prime minister benjamin netanyahu pulling back from his campaign remarks that said he supports a two-state solution he told msnbc he remains committed to palestinian state hood if circumstances improve. two days after netanyahu's likud party won more seats than expected. the bank of england's chief e

the future lies in unity and respect, not division and stereotypes. [applause] europe is an important partner in this effort, especially in helping to stop the global rise of islamophobia. this poisonous -- this poisonous based on false ideas and helps play into the hands of these extremists. this is what is important to clarify. what it really means to be a muslim and i and countless other muslims have been taught from our earliest years that our religion perspective or others. -- demanded respect and caring for others. the prophet mohammed, peace and blessings be upon him, says none of you has faith until you love your neighbor what you love for yourself. this is what it means to be a muslim. among the very names of god we hear the compassionate film are , all merciful. all my life, everyday i have heard the greetings. i wish for the other to be blessed with peace. this is what it means to be a muslim. [applause] more than 1000 years ago, before the geneva conventions, muslim soldiers were ordered not to kill a child, a woman or an old person. nor to destroy a tree,

is saying france really needs to get in line with the rest of europe and reince on ballot and find some balance. >> i read that eight out of 10 french parents admit -- >> you see it all the time in the streets, people spanking their children. >> strange but true. uruguay has to say goodbye to a so-called copper president -- pauper president. >> that is right, he left office with a 70% approval rating. the 79-year-old was famous for shunning the perks of office will stop you can read about it here in "the independent." he drove a beat up. in beetle and give away as much as 90% of his annual salary, so you can see the independent toxin of them as the world's most humble resident, but give also known as the president that a lot of other countries would like to have as well. "the independent" points out that he leaves uruguay and better shape. unemployment has fallen, gv has risen, and back in 2013, the economist named uruguay the country of the year, so he is leaving power. another president -- e.r.a. left our, actually, sunday. another president is leaving power this month,

this year. >> that should be the core point. europehe european providers really have got a lot more efficient. >> absolutely. the have worked hard to manage a difficult situation. we have seen that in the u.s. i think you're going to see a lot more. their evaluations -- even comments out in the market. there's so much they can do with their money and what will happen. it will be interesting. >> deborah, thank you for putting that into context. our luxury goods analyst at bloomberg intelligence. >> africa's largest economy and biggest oil producer nigeria, has presidential elections this weekend. the official results are still unannounced. some are calling the vote rigged . what is the latest for us? >> thank you. according to most of the observers, it was generally peaceful. i myself went from polling station to polling station. it seemed quite peaceful except for some technical issues that arose from the new biometric card readers which led to the one-day extension of voting. there was some tension. tensions are high in an oil-produci

they have left the ports. europeained to turkey and have asked them to control better their borders, their coast maneuvers and i think that's the consequence of the fact that europe has asked for tighter controls. >> but there were 85 children on board this else have. >> we know about that. and that's the drama. there are refugees, and normally you should not shoot at refugees. they are -- they have left syria. they went away from syrian war situation and they need peace and quiet and stability, and they need a place where they are protected. >> you say that you hope that turkey releases these people who are now under detention, what will happen to them do you think. in the past turkey has returned migrants to their place of origin it's obvious they can't go back to syria. >> it's clear they cannot go back to syria, and having turkey return back to syria that would be a clear violation of the [ inaudible ] principal of one of the frameworks of international refugee law, so i don't think turkey will do that. i'm prett

effects of the crisis can be contained, at least the effects on western europe. that's why the market has been holding up so well. i also have to say the nervousness is quite high on the markets, even more so as the dax here in germany had reached so many record highs. at the moment, the dax is slightly higher than last night. still, pretty far away from its record highs. the euro stoxx 50 index up front about .4%, and the euro trading at a bit more than $1.11. >> thank you very much for that. >> indonesia is preparing to go ahead with the execution of two australian nationals in a move that has sparked a diplomatic row between the two countries. so far, a flurry of international appeals against the executions have been unsuccessful. >> the two members of the so-called bali nine were arrested for drug smuggling in 2000 five. they have arrived on the indonesian prison island off the main island of java. while there, indonesia says they are due to be executed by firing squad. >> shortly before the transfer michael chan turned away from the prison gates after trying

ambassador nuland: when at the come back from europe. in my statement, we have begun consultations this week with our european partners on deepening sanctions if we do not see -- mr. connelly: how many violations has there been on the agreement? we have counted there have been over 300. ambassador nuland: they have been more than 100. mr. connolly: isn't there a -- there isn't much teeth? with the best of intentions, merkel and olum is trying to negotiate with nothing backing it up. wouldn't it be useful to have the united states and its nato partners at least threatening to provide defensive equipment and defensive weapons and training for the ukrainian military so that's a piece of what's behind the agreements? ambassador nuland: well, as you know, it was in the week leading up to the agreement that the conversation between us and our allies went public so it's very much in the ether here but i think equally importantly is to be in line with europe on the additional sanctions if the agreements are further violated or there is land grab

at the margin to europe. we still believe there's some more there and some opportunities there. >> before we get to rick david, do you want to respond to that? >> so to be clear for the guests and bill and kelly, i still believe we're in a long-term secular bull market. we're still positive on the u.s. in general, but for the reasons i stated earlier, we think there's some reasons to be cautious right now and with the opportunities overseas. i guess i would disagree with rob that europe i think is still attractive. i think the euro has further to fall as far as it has fallen but as far as it's fallen there are those multinational conglomerates and exporters in europe that bill benefit from the weak euro. europe is still undervalued compared to the u.s. we think through an etf that's hedged for dollar you can do very well. there's opportunities and alternatives. investors just need to look at their portfolio, look at their allocation allocation, look for diversification overseas because of the volatility we're

political risk is the focus today and it always is in europe. the greek prime minister is set to me the german chancellor for the second time in five days for you this is greece getting increasingly close to running out of cash. hans nichols joins us. and our guest in the athens studio. we have to talk about this meeting in berlin. what are we expecting? hans nichols: both sides are dampening. last week, angela merkel said he will not have a solution. what mr. tsipras is saying you will have a conversation with a key european leader without the threat and pressure of negotiations. greek papers are reporting that privatization or plans to roll back some of the privatization may be requested by mr. tsipras. all of it from the back of the meeting on friday and the friday morning and 2:00 a.m., where there's not a great deal of clarity. we know what have at the beginning. mr. tsipras asked for an immediate disbursement an outstanding money left in the bailout program. his argument is he cannot make it to the end of april without facing a severe cash

the past. he's calling for a ban. crowd troubles and racist abuse have been across europe. adium disaster where 39 fans are crushed to death following trouble. >>> the countdown is on. tuesday marks 500 days until the 26 day olympic games. the brazilian capitol has been showing programs on the venue that host athletes from all over the globe. the officials said the infrastructure works to deliver the olympic park considered the heart of the game. events will be staged in 34 venues and the summer olympics start at the stadium on friday the 5th of august 2016. >>> grand slam champion raafialfael nidal prepares for wimbledon. it's to prove a good move. the wimbledon final as he plays, but not made it past the last 16 when he's warmed up elsewhere. >> happy to be back. great event. i always enjoy it. i have a great feeling there. really special and i really enjoy. of course, just good to be back there. >> the tour de france winner came out in support of lance armstrong's decision to ride. armstrong has been criticized for returning to the tour. they believe more good than harm w

yet some attempt to make the journey to europe again. nicholas hawk, al jazeera senegal. >>> the greek finance minister says some of its payments to the international monetary fund in march. >> let me be clear. there will be no amnesty. there will be a series of measures that encourage repayment or partial repayment without an amnesty certainly no haircut to the capital out to the greek state. we shall inform our partners of what we're doing but at the same time i need to state that for obvious reasons for reasons that everyone can see time is of the essence. we need to increase our tax take very quickly. at the same time, creating a great sense of relief among 3.5 million greeks who are in arrears. >> now the latest about our series of the falling price of cot top. prices in the united states have fallen dramatically partly because of stock piles in china. andy gallagher reports from the texas community. >> it is a crop that occupies those who live here all year round. cotton has been planted in this region since the 18th century. >> thi

but to the extent that travel is facilitated within europe. obviously, irregular migrants arriving in italy or spain are potentially a threat to the u.k. it does occur through ill leaguely trafficked people. we believe that the only way to stem this is at source. to tackle the traffickers, the smugglers, the extortionists who prey on these people along if way and to seek to work among countries of origin. and to reduce the impulgs to travel as it were among that group of potential mile grat e grants. >> when your minister came in front of the commission last week, he said and i quote we need a policy on dealing with isil in libya. it is still the case that the government does not have a policy on dealing with isil. >> yeah well the policy, the desire, is to establish a government of national unity behind which the international community can then get in the fight against isil. they're willing to take some risks now in getting early behind the government of national unity to help it to tackle the threat to libya from isil and other established g

and thank you for your attention to some of the underresourced parts of europe, in particular the ball kins and central europe. as you said in addition to the security challenges, and not only the security challenges in ukraine and the other key periphery states like mall do va and georgia, but also to the ie lines itself there are all kind of asymmetric challenges proposed with this conflict. which whether you're talking about the use of energy as a weapon which requires us to work with our eu and partners on diversification, the work we've been doing on reverse gas to ukraine. now looking at the energy dependence of some of our allies in southern europe. we'd like to be able to do more to help bulgaria, hungry croatia and other countries like that. we're doing a lot together with the eu. things like use of corruption as a tool of malign influence to undermine sovereignty, whether you're talking about directly paying political candidates or just ensuring that there's enough dirty money in the system to undercut democratic institutions or make individual political actors vulnerable to

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 time in 15 years. now it's only the third time ever that we've seen a close above 5,000 for this tech heavy composite. the other two just happening before the.com bubble burst. in an exclusive interview with cnbc the billionaire investor says he doesn't think that stocks are overvalued. >> stock prices are high by historical measures. having said that we have the m

the euro is sinking on a daily basis. is europeoing to see its 2013 this year and it's going to be up 25, 30% at the end of the year? >> so i think we should respect the qe trade. it has shifted to europe and japan. but let's focus on europe. i don't think it's the qe trade of the old type which is the generalized compression in all risk spreads. that's gone. i don't think it's a beta trade. i think it's much more a relative trade. so yes, euro versus u.s., be careful to the extent to which the interest rate differential can go up. we're at 190. so be careful. euro likely to go weaker. focus on specific stories in the equity market. this is the time for very specific stories. >> that's why i say it gets more difficult so to speak when the fed does move. >> yeah. >> it's not just by the market and hope it goes up. have to be much more selective than you have been. >> but he just said something incredibly important. and that is the spread differential between the german ten-year and the u.s. ten-year. 190 basis points. are you actual

is the next closest economically and geographically. it is europe and european bond yields rallying and i think you are seeing the spillover with the economy doing well and rates being dragged down. i think there is an effect in the bond market. guy: we will take us from a different angle. my colleague is there with the buildup to the budget. talk about the policy focus and what we will here today. >> good to see you. policy areas are in focus and i have a list of policy we may here. we could see things taking a political turn and we have heard they want to increase the minimum wage. will we see action on the allowance before they have income tax? you can see the impact of the oil price and might we see a reduction of the tax burden on the oil industry? that will be a focus for the markets and investments. george osborne says he wants to tackle that and he represents a district not far from manchester. it could be mentioned and it is worth remembering this is part of what the coalition plans to do and the launch of the general election campaign by t

the leaders of europe germany france and spain to head to the crash site. one black box is retrieved. >> 3g capital is in talk to buy kraft foods in a $40 billion deal. >> the news send shares in kraft and other food makers higher. they could team up again with warren buffet to help seal the deal. >> merck teams up sending the drug maker's stock higher after hours. >>> welcome everyone on the show. a luck luster session on wall street as investors keep an eye on the earnings season. the volatility in oil prices. also the developing situation in greece. the dow up 28 points. s&p up 2 and nasdaq seeing a gain of 10 points. here in europe positive manufacturing data yesterday boosted sentiment plus today's business data suggesting better times ahead but some insesvestors taking this opportunity to take money off the table. the key level we've been watching on the german index. the cac 40 down 23 points. when we started the show it was down about 9. the bright spot has been the ftse 100 seeing a gain of around 5 points but currencies continue to be the big stor

but the number increase in africa but decrease in asia and europe. asked the swedes they answered like this. in u.s. they answered like this. can you see -- >> 11% swedes got it right, only 7% u.s. government. >> i went to the zoo and i asked the chimps as you said. they get 33%. >> it's random. >> these people answer according to preconceived ideas, how things were back then. >> so this is an important point. to get an answer that is worse than random means you're not ignorant. you have prejudices. >> prejudices you're not upgrading. you learn something in school or in university like 20 30 years ago, the problem is that the kids still learn that in school. they learn how the world was when their teachers graduate. we really have to start getting macronumbers right. the world has changed now. africa is also changing. when this evens out, we'll be around 10 11 billion. that's what we have to feed in the world and we can do it. >> that's why you have the project, to make people aware of the realities of the world. >> because you can't discuss the futu

so the profit margins are peaking. in europe on the other hand the current rate for the growth is extremely low. last november people were saying deflation, politics is a mess. europe has never grown. it will never grow. compared to that there's a lot of positive surprise in store and if you look at the u.s. earnings today they're 35% above all time high. europe is still at lows. >> you just upgraded energy. that's a bold call. >> yeah people say don't you think the oil price can fall another few dollars from here. this is interesting because last may and june when the oil price was $110 people thought oil price could only stay high and now when it's around $60 people think it can fall again. it's about risk reward. earnings already collapsed. energy sector lost 40%. price to book is at a 40 year low right now and the yield is now double the market. so a lot is in the price. over the next 3, 6, 9 months we think it will start to perform. >> thank you for joining us. that's the global equity strategist at jp morgan. >> gm seals a

the other markets, flat or negative in europe. get some stock-specific stories with caroline hyde. what are you watching? caroline: i'm going greece and travel. we are looking pretty strong for the first half of the year. we are on track to improve results year on year. shares up some 2.5% on the back of that. the travel company said the confidence of delivering full-year underlying operating profit growth 10%-15% is looking pretty rosy. they say they are pretty much sold out at higher average selling prices. meanwhile, they say bookings are up about 1%. average prices once again climbing. they were up 12% in terms of bookings. let's look at a u.k. stock. bellway climbing, up 4.5%. they are reading the rewards of the price increase we've seen in housing. first-half profit up 19%. gross profit up 41%. sales rising profit rising. they are completing more homes. the order book is looking healthy. they are building a land bank as well. they've got cash to splash. they are having 25 pence per share in terms of a dividend. once again, pr

you know, that is the big difference in europe. are currently holding the thing together by the ecb's buying local government bonds and that is a big temptation to issue more of them. guy: so your sense is that it would be desirable or not desirable for greece to leave? hans-werner sinn: i think it would be better for everyone, in particular for the greek people. by keeping them in the euro yes, they do receive more public credit from other countries, but that does not generate jobs. greece is kept in a permanent situation. it handicaps the export industry . that is the problem in greece. the wages have increased enormously through this credit flow from outside other countries to greece in the period before the crisis. first it was private credit and now it is public credit, but you cannot permanently run an economy on an inflow of credit from abroad. this really destroys your own economy because everyone lives on these funds coming from abroad rather than producing goods to her in money instead. -- to earn money instead. guy: hans

how we take the start of the small businesses we have so many of here in europethem into the big corporates of tomorrow. this is back as far as what you're saying labor ability and labor reforms it's not about financing right now. it's about the key structure of the marketplace. >> i believe more in creating the right fundamentals in the market. belief in the invisible hand than a more regime of there shall be established a venture capital market because we want one. >> if i look at what's going on because the u.s. marketplace is concerned part of that is about later stage financing. perhaps giving cash to the founders to start them jumping at the first bit. they allow these businesses to grow. how important is that? >> i don't think it's that important. if you look at the izrasraeli experience, they have been accused of selling their companies too early. but they said maybe we're just better at the hard stuff, coming up with the idea, creating the begins of the company and americas are better at taking it from 100 million to a billion and we're good at the first

those sanctions are biting deeply on the russian economy. our unity with europe and ukraine remains the cornerstone of our policy towards this crisis and a fundamental element of our strength in a standing up to russian aggression. it is in that spirit that we salute the efforts of german chancellor merkel and the french president and minsk on february 12 to meet with president pugin to and -- president pugin to and fighting and the ease. the minsk passage of agreement september 5, and february 12, implementing agreement offered the promise of peace and disarmament, political normalization and decentralization in eastern ukraine, and along with the return of ukraine's state sovereignty and border control in the east. for some and ukraine, conditions have already begun to improve. in parts of the east, the guns have been silenced and the osce has begun to gain access. the picture is very mixed. just today, we have osce reports of new heavy shelling from separatist positions around the airport and in the towns outside mary opel, including reports of a new 17th russ

the u.s. here in europe the ecb, they're trying to lower them. all of that hammering the euro and sending it higher sending the dollar higher. the euro has strengthened slightly from the 1.5 mark it was in the previous session but still re make at its highest levels in years. that's where it currently stands. david? >> alex thanks very much indeed. >>> an afghan artist has been forced into hiding after receiving death threats after dressing in a metal suit showing the female form. she wore this armor in a prerns on the streets of kabul to highlight the problems of sexual harass meant that women face. >> reporter: in a secret hiding place where she's fled facing death threats, she shows me the somewhat unusual garment she had specially made to the surprise of a kabul blacksmith. >> give him and start hammering and putting some marks here. this sort of shape. >> reporter: she hoped to wear the armor for ten minutes to protest against sexual harassment in the event she made only eight before being forced back into her car. >> people were saying slap

sure that the airliner is safe for them to operate all the other routes that they maintain around the europeunion. >> how concerned will efficient there be about the fact that the aircraft made a rapid descent from 38,000 feet to 6800 feet in just a few short minutes? without going into the realms of speculation, there will be concern about how that happened. >> well, of course, there will be great concern about that, because until there is certainty about what exactly happened to that airliner, then it is natural for people to speculate about what might have happened and that will be of concern not just to germanwings, not just to lufthansa, but to all airlines that operate this particular aircraft and indeed, as i say to the manufacturer. it's difficult to see why a pilot of an airliner would want to descend that rapidly that quickly into what would on the face of it a mountainous area be a dangerous maneuver to undertake. until the air accident investigators have got to the site and have been able to access the black box flight recorders, it would be dangerous, i think for us to go into t

>> well, i think it has been a drag on the us economy. europea loss over the next year. just as the higher dollar is slowing us down, a lower euro is speeding them up. you'll be surprised to see how fast europe will grow over the next two years. >> it's interesting. there's so much concern over what the ecb is doing. it makes the european stock market take off. it's wonderful if you want to buy into that. at the same time, they're fueling -- it's basically a cocaine addict that gets to the cocaine. you're not fixing the problem, which is the addiction. does europe have that issue? >> i think around the world, japan, the united states, and europe have this addiction to lots and lots of money. the truth is, that lots and lots of liquidity from central banks -- qe has not caused economies to grow. this is the weakest expansion the united states has seen since the 1960s despite the qe. that's europe and japan too. all the qe doesn't help. i think it's an addiction. i do want central banks to move away from it. the reason why europe will recover is n

he is looking to roll back the gains of europe. why all the things we're talking about here, whether it's ally reinsurance making sure where we do have treaty commitments that every millimeter of spaces defended. also to help strengthen and provide more resilience. >> earlier in his aggression against ukraine, i heard a number of officials saying that we are offering an offramp to vladimir putin. does anybody on the panel believe that he is looking for an offramp? he is simply looking for on ramps. anybody want to dispute that? >> i don't know that i would call it an offramp. there was a point earlier in the crisis were he arguably was trying to keep ukraine out of the west and keep it in 80 stabilize the situation. whether he seeks to go further and ukraine, i cannot say. -- and keep it destabilized. >> according to the ihs consultancy firm, the potomac institute, currently, 14,400 russian troops on ukrainian territory backing up the 29,000 illegally armed separatists. there are hundreds of pieces of two and rocket artillery. ther

so many others have made the trip to europe successfully. >> no father wants to send their children in harm's way but remember the daily hardship does not go unnoticed. >> the violence has left them scarred and yet some still say they will treatment the journey to europe again. nicholas hawk, al jazeera senegal. >>> more to come ton program. we'll tell you why the israeli prime minister's upcoming speech to congress is threatening the relations between the two allies. >> individuals in government who want to control. >> and why it's a confusing picture for tv viewers in kenya. >> tomorrow, the parents of captured american reporter austin tice. >> austin went missing in syria. >> campaigning for his release and maintaining hope. >> austin tice is alive. >> find him and get him home. >> a special "talk to al jazeera". tomorrow, 5:30 eastern. only on al jazeera america. >> welcome back. i'm shilly gauche. the top stories opposition supporters in moscow are preparing to march in support of boris nemtsov. >>> egyptian court declaring hamas a terrorist organization. >>> israeli prime ministe

the last hour. equity across europe in the green.e're back in two. ♪ jonathan: good morning and welcome back to "on the move." i'm jonathan ferro. it is crunch time in athens. policy makers there are set to work the weekend. the greek government has until the 30th of this nopt submit a comprehensive list of reforms. april 9 then looms large. the need to come up with 458 million euros to fay i.m.f. the government grapples with their own liquidity issues. deppeds deposits continue to leak out of the banking system. bank deposits have dropped 15% plunging to a decade low. time is running out. let's bring in andrew. time is running out. we have said it before. why is this time any different? >> the money is running out. that is the truth. we have been asked to put in place a number of measures to forestall that event. i think there is focus now on the reforms. i think the e.u. finance ministers will want to look through that pretty closely. if they neat the requirements, the finance ministers maturities coming up through the middle of ap

the u.k. to stay in europe. mark: breaking news from hans nichols, he does have the capacity to have two more children in an automobile cents. the reserve bank of australia has held its overnight cash rates at 2.25%. the banks governor glenn stevens is concerned that a low rate may fuel a rampant real estate market in sydney. the nasdaq has closed at the highest mark in 15 years. it is within 1% of its all-time high. it was helped by fast profit growth by apple and intel. there is concern that greece may need a third bailout within months. markets may not be prepared to lend to athens when the current program comes to an end all stop the government -- comes to an end. the government would have to meet the current guidelines. from sydney, when we return. manus: we're going to go to break. he is hot for cars -- he is hungry for cars. anna: welcome back to countdown. the reserve bank of australia unexpectedly kept its interest rate unchanged today. >> it was unclear whether they would cut or not, but in the end, the

, the focus is on europe, but the action is in the has topped 7000 for the first time ever. thanks to george osborne's higher gdp and lower deficit and lower unemployment forecast. however, u.k. stocks are lagging behind the rest of europe. the stock 600 -- stoxx 600 up. the swings continue. we have alternated between gains and losses every day since thursday. that's a seven-day stretch. the dow" down by at least 100 points. -- dow closed down by at least 100 points. it is quadruple witching day. it is less likely we will get an increase as early as june. that has left the dollar weaker. the dxy index down 2.1% this week, the worst weekly decline in three and a half years, going back to october of 2011. the euro is slowing. crude getting a bounce back as the dollar weakens. we are still near our six-year lows. stephanie: thank you, scarlet. astrazeneca may be one step closer to its next blockbuster drug. the british pharmaceutical company is developing a drug designed to extend patient's lives after a heart attack. the drug passed its

the future lies in unity and respect not division and stereotypes. [applause] europe is an important partner in this effort especially in helping to stop the global rise of islamic phobia. this poisonous -- this poisonous based on false ideas and helps play into the hands of these extremists. this is what is important to clarify. what it really means to be a muslim and i and countless other muslims have been taught from our earliest years that our religion perspective or others. per half it baxam at peace and blessings be upon him says none of you has faith until you love your neighbor what you love for yourself. this is what it means to be a muslim trait among the very names of god we hear the compassionate film are civil. all my life, everyday i have heard the greetings. i wish for the other to be blessed with peace. this is what it means to be a muslim. [applause] more than a thousand years ago before the geneva conventions muslim soldiers were ordered not to kill a child, a woman or an old person nor to destroy a tree, not to harm a priest or destroy a church. the

angle spoke of the largest jewish community center in eastern europe. i can share with the members here what -- how we can attest to the attitude. one of the shots shared with -- one of the thoughts shared with us is it seems russia has recruited every skinhead and now content and malcontent and is trying to bring them into the east. we are holding them in the brig until hostilities are over because we can spot them, but they are coming in from russia in order to try to overthrow our government. and so we have seen the situation where moscow was moved to aggressively supporting militant separatists in eastern ukraine and bringing russian troops into the country. and russia may now try to secure a land bridge to crimea. that is the that is the great concern here, the worry that we heard. they might try to seize the strategic port. now, when we talk to the un they count over 6000 civilians who have been killed. there are 1.7 million ukrainians that have now been made refugees. today the. to date the actions taken by the us and our eu allies including econo