if i started tony fernandez cars, i would not have gotten anywhere. mama money have to spend in building a brand, you are talking about big noise out there that have big votes. -- big bucks. ham headstart. the amount of mileage we get from doing formula one is huge. the caterham sales have gone through the roof. tony fernandez. .et's move from f-1 >> more talk of consolidation in the telecom sector. looking for some pessimism, the only industry group falling is basic resources. miss.e data, massive copper hitting an eight-month low. have ang up, we conversation with christian noyer. that is coming up next. .ou can follow us on twitter ♪ >> welcome back the "the pulse." . these are the top headlines. moreinese exports fell than 18% from the year earlier. that is the biggest drop since 2009. analysts were expecting a 7.5% increase. >> the search continues for the missing malaysian airlines jet that disappeared two days ago. australia and the u.s. are among the u.s. -- those helping in the search. >> pro russian forces advanced in the crimean peninsula.

. >> caterham chairman tony fernandez likes a challenge. links hisnything that company's?s companies? -- askedamous people's how i became a millionaire. start with a billion and then run airlines. within their lives opportunities. we have taken an airline, we started with two planes and now we have 150. we carry 45 million people. it is a very profitable business. the car business is something you can't run away from. it is what people want. it is sexy, people like it. world in a part of the where the middle class is growing every day. goes intodle class higher middle-class to be a huge amount of people who want to buy it. we live in a world where people talk about cars and planes. foot all is a fantastic ranting tool. it is bigger than formula one. when i walk around the streets of london, they're not asking me about f1, there asking me about queens park rangers. they're all linked around opportunities that have a lot of attention, which gives you the ability to build scale and drive more product. >> does that say something about you? >> i like to create, i like to sell.

." >> we will talk with tony fernandez. we are expecting to get earnings any moment from prudential, the u.k.'s biggest insurer by market value. nothing coming through at the moment but the numbers are coming. this is an asian-focused business. half of its revenues come from asian markets. they got a boost from the south east asia part of their business so it will be interesting to see if any more comes through. as far as stock performing, year to date they are up 1.6%. in line with the overall european insurance market. not moving all that much. the impact of changing into a macro environment, all of that will be covered. we'll will wait for numbers when they materialize. >> later we will be talking to prudential's ceo. that is during "the pulse" a little later. >> the ukrainian prime minister meets with u.s. president obama in washington today. one of the topics will be financial assistance for ukraine. ryan chilcote has the details. >> the financial system is on the table. $1 billion worth of loan guarantees. they have a

doing what tony fernandez has done with air asia.a low-cost regional carrier, the new set up a separate company -- then you set up a separate company that runs the long haul. michael thinks he needs dirty aircraft may be to set that up. his problem is -- >> and we don't know who he is buying from you. >> no, no, he can't find the airplanes and he can buy them because they're such a long list of people who want to buy them. he noted the middle eastern carriers have been a problem because basically, they're sucking up the opacity out of boeing and airbus. tour ofdent obama's europe continues. use meeting pope francis at the vatican right now. later, he needs these are prime minister. we have the very latest. it is quite a trip because i guess all three of them in different shapes and forms are reformers. >> yes. right. exactly. obama is the man of hope and change -- at least he was 24 started off as president. that is dampened a bit due to reality setting in in many ways. and yet pope francis was a man of change in the catholic church.

tony fernandez talking to me a few days ago about his eclectic group of businesses.as wrapped up talks it down a street. we have our man on the ground. he spoke to secretary kerry a couple of minutes ago. ♪ >> will come back to "the poles." >> this illegal be watching for the rest of the day. caroline hyde is on set. let's start with ryan. secretary kerry is in town. completed his meeting with the prime minister. i just spoke with them and he said he wants to defuse the britain and united states are united in their approach. he is on his way to the most important meeting of the day. he will meet the russian counterpart. this will hope to de-escalate the crisis in the ukraine. the referendum is on sunday. watching the ukraine story. bp is now allowed to try to win some contracts in the gulf of mexico. >> they're lead to get back into the fray. there are 40 million acres that are up for auction. it is fairly significant. as one fund manager did say to me, just because you are allowed back into the party does not mean much. holding. a 20% it is still 30% of bps producti

all this week up, we are taking you inside and talking to the chairman tony fernandez. china just releasing its data for industrial production. they are below estimates. alsotments in retail sales below estimates. let's go across to stephen engle in beijing following the data. good morning. these are disappointing numbers according to the estimates from economists surveyed by bloomberg. there is a caveat here. there is seasonal distortion because of the holiday and the later part of january and early february. let's begin with fixed assets, urban investment. 17.9% and we were expecting an average of 19.4%. i have done back in the last decade plus and this is the lowest rate for fixed asset urban investment since december 2001. 11.1% and we were expecting 13.5%. this is the lowest ace of growth are retail sales since january 2 thousand five. industrial output, cumulative 8.6% growth and we were expecting on average 9.5%. but as the lowest since 2009. spoke after the national people's congress wrapped up. what were some of the highlights of his comments? >> he touched on

we have tony fernandez to weigh in. >> i've been a vocal critic of the cost. increase the cost. on the positive side, i am in favor of moving to 1.6 turbo engine which is much more -- like the one a man drives every day. i think that is good. it is at ground zero. we may have a little bit of parity. there will be more resources so it may grow after that. you world changes is definitely better. changes are definitely better. >> how dairy production is increasing. ♪ >> welcome to "countdown." i am anna edwards. >> i am mark barton. at the south -- speaking at the sxsw festival. edward snowden is calling on companies to take a lead in privacy. hans nichols, good morning. speaking remotely from moscow we should add. he said the nsa is adding fire to the internet. he called to those attendees to be the firefighters. this was a summons for action. a summons for a tactical response by the tech companies to the nsa. he made it clear that the big companies have the right to protect data. company, not just collecting any data. you should only collect the data and hold i