and the last time the uk had capital controls, i think it lasted 40 years. i mean, these are not going to be temporary. these are going to be in place for a long, long time, and i just find it amusing listening to them tell us that they'll be there in whatever way the law says they should. well, i always thought the currency union meant you didn't have capital control. >> you didn't have laws specifying how to impose capital controls. >> but as you say, let's make the rules up as we go along. >> carolin roth is on the grounds for us in cyprus. when banks open tomorrow, it will be an interesting experiment in behavioral economics. what's the sense on the ground there? and look, we've seen this deadline push back several times already. are banks really going to reopen? >> reporter: you know, they're making a very good point, kelly, because a lot of people on the ground would be very doubtful as to whether banks will actually reopen. it's been pushed back so many times, and now banks have been closed by around two weeks, for around two weeks or so. but i mean,

there was a concentration in the uk. we felt this was a really good central place for us to drive our european effort. and the focus again is now expanding both pan europe as well as places like japan, singapore, australia and other markets. >> and so where a company maybe five or ten years ago when they're looking at capital investment might be thinking how many computers am i going to buy? today they're thinking -- >> how many web services am i going to rent? >> we think pretty good things. when you move from a model where an enterprise needs to manage infrastructure in their data center and they decide to, instead, rent services over the internet from companies like sales force.com or box or work day or google, we benefit heavily from that transition. because at boxx, we power a cloud based service that helps the store manage and access information. >> the kind of global expansion you're talking about is going to require a massive amount of capital. it's time to move from the venture capital markets. >> we're not yet

>> in the uk, although venom has an office in minneapolis. >> where in the uk? >> just outside of london. >> where did you come up with the idea to develop this technology? >> we came up with this idea for computers. ,he issue is when you go out you're in starbucks somewhere, and you want to use an open wi- fi network or it you don't know what the guy sitting next to you is doing. these days, people are using mobile devices, ipads, tablets, not so much laptops. we had to develop something to work on tablets and mobile phones. getting a connection to work on a mobile device is tough. it took us over a year to develop this product. >> different licensee for every device? >> want to get a license, you can use it. you can install the app -- once you get a license, you can use it -- you can install the app. you can't have it on on more than one device at one time. >> one of the exhibitors here in las vegas is a company called healthy spot. steve is the ceo and founder. what does your company do? >> our vision is to create access to health care throughout the country.

it's quite impressive, it's part of the resurgence in the uk auto industry. but after a few years of investment, largely by foreign companies, about 6 to 8 billion pounds in the industry over the last few years, there's been a resurgence for uk exported 1.2 million cars last year. that was the largest amount of cars ever. and if you compare that to what is happening in the eurozone, we've seen the problems in france, we've seen the problems in italy, the uk is proud of this industry. can question is, can they maintain it? experts are now saying we need more r&d, we need more of the high tech to keep this and to sustain the momentum here in the uk. back to you, kelly. >> tom, thanks very much. love the tie. kind of matches the cars behind you there, as well. speaking, by the way, of auto industries. china's saic motor just out with a bit of news, saying that its net profit is up 2.76% last year, but that did miss forecasts. i was the slowest profit growth in four years. this, the giant motor company in china. sales, 4.9 million vehicles this year and reporting

penalties on ppi in the uk, penalties on money laundering. the suv on the horizon looks crazy and uncertain. the icb review for the uk could have an impact of $1 billion to $4 billion per annum. we're halfway through the ppi. we have 12 billion and we may have another 12 billion to go sterling. that's before we get into some of these other issues. >> and stewart grover future? >> he's been restructuring hsbc for two or three years. i don't know what his personal plans are, but i would say he's safe at the helm. hsbc has been a business growing sense 1865 and it shouldn't underestimate the amount of pain you have to go through to restructure that into some businesses. >> i think there's a job in italy that may be open for someone who could restructure a couple dozen units, cut costs, perhaps you can have a chat down on -- where are you going? ambrosetti? just a thought. julius, good to see you. >>> china's stocks have plunged overnight to their lowest level since 2008, leaving a drop across markets as tightening measures have kicked in to ease

the uk came out and is shows surprising declines. the periphery taking it on the chin today, as well. take a look at the impact we saw on starling in particular. we haven't been focused until very recently on sterling. over here, you can see 1.5028 so we're just 30 basis points away. 30 away from falling below that $1.50 level. we're already at a 2 1/2 year low. this hats fallen almost 0.9% after this trading session. after we saw it fall below the 1.55, is 1.54 level. there wasn't much to keep it from falling further and that's exactly what we're seeing here. the euro/dollar is falling below that level. we can flip through and show you the performance of sterling over the past year. it's only down about 4%. fast forward to what we've seen recently. you can see the sharpness of this sell-off. while over in britain, interestingly, to contrast this with america, policymakers still generally top up the weaker pound. whether it's the bank of england or people in parliament, they actually like to talk about how this will spur the economy.

not to say the uk is going to have a terrific and significant bounceback.ut there's a huge amount of pricing in. >> from flattening of demand from the metal companies is going to continue for a while. the rally is probably a short-term one. you should sell into the rally rather than buying into the dip. that would be how i would read the mining industry. >>> i would argue that it will only get positive against by january '16. so i think it would be -- to be very scared by that prospect, although markets will have to come around the idea that at some point qe stops which from a -- perspective is bad news. from absolute, it's like, okay, it's still very easy. >>> turning now to the u.s., the senate has rejected president obama's request to improve permanent funding to the imf. it's a setback for imf. those reforms require congressional approval because they involve shifting ads 65 billion contribution to an imf treasury fund. the u.s. tried to send that bill. congressman paul ryan is set to unveil the federal today. ryan says his plan will build approval for

another late blast of winter has stopped more snow on the uk -- dropped more snow on the uk.areeratures across britain expected to linger around freezing for the next two days. let's go to mexico now, the latest of our water pressure series. two decades of drought in the northern state of sonora has left farmers struggling to keep their crops alive. the government is to divvy out what the water they have left to urban areas. the farmers are fighting back. >> these lands were once so fertile that they said families -- they fed families for decades. farmers like this one used to grow wheat, tomatoes, carrots, and other vegetables here. after nearly 20 years of drought, he is barely able to grow anything. with no rain and little help from the government, fernando and the other farmers were forced to start irrigating their lands with the only water source available, raw sewage. >> if we plant crops with this water, we will get sick. we can only use it to grow animal feed. >> for the yankees, the drought has been devastating. the drug has been devastating. -- drought has been deva

this is after manufacturing in the uk pmi 47.9%. it was forecast at 51. new orders, the allowest since july 49.7 and they're shedding jobs in february at the fastest rate since october 2009, kelly. and there is one person in this studio, by the way, who is quite excited and pleased about that. >> i may be structurally long the dollar relatively the pound, but an extraordinary move there on the chart. the lowest reading that i've seen so far this morning was 1.5011. so within about ten or 11 basis points of breaching that level. in fact, that's having an impact on global markets. the month of february was the second positive month and generally speaking a strong trading session, although we did give back some of the gains in the end. the dow came within 16 points of its nominal high. today, though, after giving up gains into the close yesterday, we are looking lower. we are looking to give up about 22 points on the dow there. similar declines seen across the nasdaq and s&p 500, ross, it's not often that we've seen global markets react to what's happening i

this uk uk ryes /* eucharistic prayer will go on for some time.pe if you are just waking up, reminded us to be tender and caring and rendering to be protect others of others we must serve the poor, the weak, the hungry, the thirsty. this pope said to be a man of the people who in the days since he was elected pope has among other things paid for his own breakfast, checked out of his own hotel. this morning before the inauguration he was in an unfamiliar to us pope mobile an open jeep out of which he walked and knelt and kissed the sick and the injured. laid hands upon a man in a wheelchair and kissed young children reminding us all that the church is of the people and for the people. and the people for it. and the church and the pope asking us at the end of his homily this morning, please pray for him, father gerald murray is with us and preaches to the holy family church in new york who was there for the electing of the pope and joins us now. the homily was exactly to the script of how this man has been described to us, and in the way he has demo

we just got uk services pmi about to come out, as well, at the moment in the uk. kelly, you've got a -- >> oh, my -- wait a minute. >> february services pmi, 51.8el, the highest in september. >> i thought that 67.6 figure was the headlines. >> no. that was the expectation. 51.8 versus 51.5 in january. better than the poll of 51. take the two together because we saw the manufacturing pmi down and construction pmis were weaker than we might have thought. they point to 0.1% growth in the uk economy in the fist quarter. this is according to chris william son in the market. the expect ages pmi, 56.6 in february, the high since may last year. that is a good upturn. the services side in the bulk of the economy in the uk, britain has held up extraordinarily well. you didn't guess irnd say relative to what we've seep in the economy. granted it's the employment figures which continue to hold up okay, so despite the fact that headline gdp is weak, despite the fact that they're aimed at spurring exports, aimed at spurring investments, we're still get ago very consumer service

the euro and 1.50 against the british pound so a little cheaper for american tourists to go to the uk right now. volatility index, much higher in the week and came back again and for the week still a gain of 9% so the fear indicator was rearing its ugly head. a stock we're keeping an eye on. berkshire hathaway hit an all-time high in the "b" shares yesterday, and as we know warren buffett's latest missive, great reading, will be out this weekend. how did the annual meeting coming up in a little while and warren buffett will be on "squawk box" on monday. ben willis, you're not going long this weekend. >> no. >> you want to rein in your horns? >> if i want to buy something, i'll buy protection and in the puts and vix but i won't go long. >> are you going to be buying what he's selling, matt cheslock? >> if you want me to. no way i'm throwing in the towel now. the market has gone away from me. i'm going on the same premise as ben. volatility has been awesome as far as trading goes. a 170-point reversal. >> dow down 116 on the open and then -- >> even more than that. wonderful trading dow

last year we saw the creation of 70,000 manufacturing jobs in the uk. does my right honorable friend not think this is a stark contrast to the 1.7 million manufacturing jobs destroyed under the last government? >> jaguar land rover has been a massive success story for our country and i would praise all of those who have invested money in that business and all those who work in that business. the apprenticeships trained in that business. it is part of a recovery of our automotive sector that has for the first time in 30 years seen a surplus in the number of cars that we export overseas. it is part of a picture where other automotive businesses in the sector are doing well and we support them. >> the prime minister will be aware that this week marks the bicentennial of the birth of dr. davey livingston, born in my constituency and buried in westminster abby. hisill know that one of proudest achievements with the drive to abolish slavery any staffer. then the bicentennial, does prime minister agree it is time for his government to take the lead to and the

in chicago looking at the response whether this commodities or anything else, but at the moment the uk pound and the euro down against the u.s. dollar. the dollar will continue to be what it is against the yen, so what do you make of all of this? >> the euro is really taking a pounding, but on the other hand the other indicators aren't really moving. we are not seeing anything that leads you to believe this is definitely a risk, but this is a potential problem in europe. if this goes beyond cyprus, the people in the countries who may have another bailout decide to move their money. they have a problem. liz: the vix is still below 14 with all the concern of cyprus, the tiny island nation, does this surprise you we're still in this volatility index? >> i am wondering everyday who is selling the vix at this level? i don't seem to be able to have any copy how much they can sell. liz: the one thing that is interesting is even with a stronger dollar, we're looking at stronger crude oil and stronger checks so as you see what is going on, does that surprise you at all? is this due to some othe

certainly in the uk papers today that i was reading.nne burnham with the group mothers at home matter. appreciate you joining us here. >> you're very welcome. >> there's one thing you can do if an asteroid is heading your way. >> what's that? >> pray. >> that's about all you can do. and that's the advice from nasa. >> we should take their advice. >> we should take their advice. or go to the pub. ♪ lookin' good, flo! feelin' good! feelin' real good! [ engine revs ] boat protection people love. now, that's progressive. call or click today. >>> you'll probably remember this. it was the boom heard around the world. >> yeah, that one. remember that last month a meteor exploded over russia. and on the same day an asteroid had a close fly-by. >> so in the wake of these events, congress wants to know how the u.s. is actually protecting itself. nasa's chief provided this answer. >> the bottom line as always, the funding did not come. and i don't care whose fault it is or if it's anybody's fault, we all know what we're facing today. and we're all

and uk theater companies and is the recipient of the allen wright award for arts journalism, the sundance institute arts fellowship and the nea fellowship of journalism. in 2006, she received a best columnist nomination at the annual san francisco media excellence awards and her first book on acting was published by farber and farber in the uk and farber, inc., in the united states. let's welcome phillip and chloe >> hi there, phillip. >> hi, chloe >> so, this play, it's been quite a journey. we're talking 3 1/2 years, maybe nearly 50 different drafts and 5 workshops? . >> five workshops, yes. >> so, looking back at the journey, how has it been for you and has it come out as you expected it would? . >> what's interesting is if you work on a play this long, normally there are times that it becomes redundant and you get a little bored with the piece. it's only natural. it's pushing 4 years now. this one was interesting in that it never got boring or ever felt redundant and each thing that we did over these almost 4 years, whether it was going off to sundance or to writer's retreat they have

on wednesday another ratings firm downgraded the uk. the last five years since the global melt down bestowed upon us in the uk, the government has austerity with slashing government spending fast saying it doesn't matter what it was going to do to the population. they wanted to get their fiscal house in order. they wanted it shore up confidence in the british economy. what they have done, the austerity thing has done the opposite. the strategy hasn't worked very well. t the guy sellingous on this idea, the guy selling austerity for the u.s., is this guy, former senator from wiley wyoming. post economic crisis and in the middle of us trying to figure out how to restructure economy after that, he's back, suppose lid to be our national guru of austerity. it has not exactly worked out like that. first of all, because most americans do not like the idea of austerity and places it has been tried give us good reasons to not like that idea. but the other reason is more personal. it is hard to be a guru for anything. when every time you talk, ev

i am vice president of the independence party in the uk. >> i have no idea. i always thought that was a fake accent. [laughter] >> you know, the country that is benefiting by far is germany. they have the most undervalued currency in the face of this globe. if you break up the euro right now, you are this close to a depression in germany. this goes. whatever it is. >> i have to say one last thing. we left out natural gas. which will be developed over the next five years. that is going to be a big part of the negottions that are going on forward. so cyprus has become the talking point of the world. it really is scary. nobody is driving their cars because they don't have any money. they can buy gas. it is horrifying. if this were to happen in this have two tax we have in the bank right now. >> they are already doing that with negative interest rates and, of course, currency depreciation. but what people feel is oh, we have fdic insurance. $10 trillion worth of deposits in u.s. banks. the fdic has 25 billion, less than a quarter of a percent. so it would have to

speaker, the prime minister will be aware of the growing disquiet across the uk regarding his government welfare reform proposal. deep proposals are deeply unfair. and will they lead to chaos or does the prime minister agree with me that in terms of legacy for him, welfare reform will be his -- [inaudible] spent i don't agree at all. i find that there is strong support for the housing benefit cap so we no longer find homes, capital in our country up to 100,000 pounds a year. there is strong support for the welfare cap, and, indeed, very strong support for universal credit which will make sure that in every case people are better off in work and are better off when you choose to work extra hours. that is what we want is a welfare system that supports enterprise, work, and aspirati aspiration. >> mr. henry bellingham. [shouting] >> is the prime minister a whether some people have died on the road in the last week? furthermore, eight have died on the last 10 weeks. does he share my concern about this tragic loss of life? is he aware of a campaign run for myself and other colleagues more bro

on wednesday another ratings firm downgraded the uk.e global economic meltdown bestowed upon us by the financial sector, in the uk the government there has responded with, austerity with dramatically slashing government spending, fast, saying it didn't matter what it was going to do to the population, they wanted to get their fiscal house in order. they wanted it shore up confidence in the british economy. what they have done, the austerity thing has done the opposite. the strategy hasn't worked very well. the guy who is supposed to be selling us on that idea, the guy who is supposed to be mr. austerity for the usa is this man alan simpson. former republican senator from wyoming. he'd been out of public life for a long time. but, post-economic crisis, and in the middle of us trying to figure out how to restructure our economy after that, he's back. supposedly to be our national guru of austerity. it has not exactly worked out like that. first of all, because most americans do not like the idea of austerity and places it has been tried g

the eurozone, the obr central forecast is we avoid a second quarter of negative growth here in the uk. while less than we would like, the growth this year and next year forecasted by the imf to be higher than france and germany. it's a reminder that western nations live in challenging economic times. the only -- recovery pick up to 1.8% in 2014 to.3% in 2015, to.7 in 2016, and 2.8% in 2017. crucially jobs are being created. the worse the unemployment continues to surprise in the upside in the forecast. mr. deputy speaker, when we started the unavoidable task of reducing the size of the public sector work force, some in the house expressed doubt that the private sector would be able to make up the difference. i'm glad to report to the house that the lack of confidence in british businesses has been misplaced. [cheering and applause] >> it is a tribute to the energy and enterprise the british companies of every one job lost in the public sector in the last year six jobs have been created in the private sector. the employment rates have been growing faster than in the u.s. and three time

i saw a deal this morning where a uk firm was going to buy liquid natural gas from the u.s.e next several years. chesapeake, that just further legitimizes the natural gas in the united states. chesapeake is forecasted to grow double digit earnings the next three years. the con ttroversy from mcclendos departure is about a year in the rear-view mirror. that's something that's falling below the surface. now we can focus more on the fundament a fundamentals of the company. the last company is first niagara. the controversy here was investors were worried about the company's growth strategy. they were doing a lot of acquisitions where investors were thinking they were overpaying. case in point was the hsbc branches. the new ceo has come into the company, said they're going to focus more on internal rather than external growth. with the rise in interest rates and a stronger u.s. economy, we think that's a positive backdrop for first niagara. >> just to reiterate you have broadcom, first niagara and chesapeake. steve masoka, do you have three names that are different from paul? >>

when you go to the uk, they don't say texting they say bbming.lackberry me sen jer mode. the problem is they're not going to be selling the new back berries in those markets. they need traction in the uk, and u.s. >> i hope someone will ask tomorrow. why did they launch the non-keyboard version first. everyone who has blackberry says i keep it because of the keyboard. >> the rational is that the touch screens are mainstream now. and though their core is into the keyboard, a couple year ace go, the majority of their users became consumers, not business people. that's part of it. >> aren't there two key advantages. there is a legacy core of business users. it's a big decision for a company to switch from one device to another. >> and then the design that makes it easier to use the keyboard to make phone calls and look up contacts. other than that, they have lost it. >> that is a design that a lot of the other smart phones have. you talk to people who are addicted to android devices and some of those have keyboards. you talk about them making the sw

certainly here in the uk. find myself thim thinking more and more, why does the uk want to be part of some thing while they're doing all this part of erratic and very short insular type measures that are basically pulling the plug on the whole grand theoretical aspects of the union and the goods and service. for the uk, it was unique. it's yet another thing. hardly any ascension being paid about this because of this news. this proposed cap on bank bonuses, they're now all about putting on another string to do the same with hedge funds and other asset managers in europe later this week. which in itself is complete insanity. this is the mood of how these politicians are. it's quite understandable why it is, because you get these random decisions made by the sort of elite agility and political class without thinking through the underlying economics, ironically going back to their grand projects of this supposedly free trade and services. >> you don't want to give him any ideas, either. he probably does love this,

i think the uk is very bad at analyzing what goes on in europe. the reason is we're an island, you know, we've always felt we were an island. we were chucked out of the euro a long time ago. i don't think the brits get europe. i think what's going on in europe is that they are utterly committed to this project, and i don't think -- yogts a lot of the rest of the world understands that. the greek gdp figures are awful. why would the greeks put up with it? i think it's because the euro is not about economics. it's about politics, it's about safety, it's about the prevention of war. it's not about economics. >> well, you're a brit and hopefully you get it. >> and you're like a brit-light. >> a diet brit. >>> washington house budget committee chairman paul ryan unveiling his new budget today, vows to balance it in ten years instead of 25. john harwood, that sounds nice, but it also sounds, you know, impossible. >> it's impossible unless you get it enacted into law. democrats hate this budget for the very reason republicans love it, because of the exte

prudential's hong kong shares jumped a whooping 12% after the uk insurer posted higher dividends and profits. property plays took the brunt of the selling today after big banks hiked mortgage rates for the first time since 2011. elsewhere, south korea's kospi ended marginally in the green with automakers and technology shares capped by losses and financials. australia's asx 200 lost over 1% today as strong jobs data dampened hopes of another rate cut by the rba. and india's sensex still in action, now trading higher by a slow 1%. back to you. >> good to see you this morning. thanks for that. the s&b has given its view that it will enforce the minimum exchange rate with, quote, considerable determination. this in the last hour or so. you can see the euro/swiss stronger by more than 0.11%. steven, great to see you this morning. there's much to talk about. let's start with the swissy. any major news here? at this point, swiss has been one of the world's biggest buyers of foreign reserves. it says it will continue to defend this 1.20 ceiling. >> they haven't had to buy that many reserves

and a diplomatic row between argentina and the uk entered a new stage this weekend.esidents of the vulcan islands began to vote on sunday over whether to remain a british territory. but buenos aries will likely reject the outcome as a political stunt. >>> find out what fox.com's founder and ceo aaron levey had to say about how cloud computing is changing the face of silicone valley. ey. ♪ twith blackberry hub10 and flick typing. built to keep you moving. see it in action at blackberry.com/z10. impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> welcome back to "worldwide exchange." i'm kelly evans and these are your headlines from around the world. european sto

a wonderful fellow non-profit called history pin which is a uk bay to mesh people across towns and through history. on november first we kicked the project into gear here at the echo center and as you know in its day, the power of that place, the power of your port to produce goods and change ways of living. curing the bay which opens april 7th, from here we'll take the whole notion on what it means to cure. this is a camp at 100 bay point from 1922. this is a much earlier version of 1858, same and close to the area. while we have a lot of information about our material and collection, what we are asking people to do digitally is to ask information. what did the port especially in the bay used to look like. how many times has it changed. we open drawers, we have a vast collection. i opened a drawer the other day. some of you might know the trustees of the association of the port of san francisco but we certainly we have this little -- we know nothing about it. this is what we'll put online. who are these guys? aren't they great? we have a half a million photographs. they just say port of s

we had a guest day he believes a lot of that on he will flow into uk and u.s. banks. happening right now? >> well, i think, i mean, my thoughts will not be particular regional or original. we saw some gdp figures disclosed today down 2.3%. i think that outlook is very subdued for the time being. in terms of the financial system, particularly in the euro zone, the problem relies in the euro zone rather than the uk. until there is greater political fiscal monetary unity within the euro zone, the fault lines will remain in the euro. you know, while germany and ecp have done a good job in saving off crises, the fundamental problems will not be solved. cheryl: john nelson. thank you very much. good to see you again, sir. >> thank you. cheryl: i want to update you on a story that we brought yesterday. sacramento city officials have approved to build an arena and retail center downtown. this is big. they are trying to keep the kings in the state capital. the sports team is trying to move to seattle. mayor johnson must now convince to block the current owners from initiating

notice around uk kaia and lake port we're seeing returns. no reports of this actually reaching the ground but there could be sprinkles in that direction. live look from san jose. it's sunny. we have beautiful day there. san jose, so far, 64 degrees, san francisco, 55. it's 62 in oakland. half moon bay, 52 degrees, coastal areas mid to upper 50s, inland spots low 670s -- low 70s, we have clouds looking towards sutro tower. 69 degrees in livermore. here are the forecast highlights. showers possible thursday. and chance of rain into easter weekend. we have disturbances just off the coastline. series of weak disturbances from spring yelz possibly to shoumplts and -- showers heerk is a animation at 7:00 p.m. tonight. some clouds and then, into overnight hours more cloud cover could see sprinkles developing. and continuing so nothing much. sprinkles from maybe nothing to a few hundredths of an inch is all we're expecting. we need a half foot of rain in san francisco and oakland to get back to normal that. is a lot. i don't know if we're going to g

european drivers were 21% in the uk to 59% in portugal. >>> the chief of the terry stotts testified -- of the tsa testified today for allowing small knives on planes. the tsa says they won't take down an airplane. >> a small knife isn't going to result in the farrier of an aircraft. explosive device will. >> the tsa said they should be concentrating on intercepting explosives. some flight attendance are against the change. >>> new video shows north korea making a threat against the enemy. the video shows him greeting a military unit and said throw all enemies in the cauldron. he threatened a nuclear strike against south korea and the united states. >>> something going on could have a negative impact on san francisco's new cruise terminal. still ahead. >> clouds out there today and cooler in some areas, 10 degrees cooler but temperatures will rebound here, how much warmer it will be for your friday and how about that bay area weekend? i will have the details back here in 10. >> the bay area hot spot providing the fastest wi-fi in the country. >> making noise in downtown oakland, the le

she said she asked the pontiff to help settle argentina's dispute with the uk own the falkland islands. >> >> march madness is under construction here at hp pavilion. great for the fans, an economy onto itself. >> >> back here in 10 minutes, you noticed increasing clouds. there is rain in your future. how much you could get and what areas that will see the most. . >>> tom baker live at hp pavilion with the economic boost the ncaa tournament will provide. >> tom? >> reporter: it could be about $20 million. thanks to the big boost from the ncaa, the shark tank is going to be money in the bank for a lot hoff l of local businesses. >> reporter: they must fit together -- these pieces must fit together in a specific order and they must fit together perfectly. >> just 24 hours ago, we found out which teams would be coming. that, right there, means there is a lot more work that needs to be done between thousand an thursday. >> eight teams, including oregon, unlv, oregon drawing fans from far and wide. >> definitely want to see syracuse. you don't get to see east coast teams play over here. >>

. >>> uk oil giant bp announcing an $8 billion buyback after closing the stake in its russian unit tnk bp. >> announcer: you're watching "worldwide exchange," bringing you business news from around the globe. >> and it's a decline in the ifo german business index for march. a decline that is to a level of 106.7. that's about a point shy of the consensus which has forced a slight increase to 107.6. so, again, after a day in which the flash pmis yesterday disappointed sharply, we're now seeing softening in its business climate index, as well. looks like the expectations index is a bit shy. 103.6 versus 105. current conditions came in shy of forecasts. we're joined here in studio by antonio pasqual. off the bat here your response to these german indexes? >> sure. after various strong brings over the last two months, we're still looking for a fairly good performance of the german economy throughout the year. actually, we are forecasting a growth from around 2% quarter on quarter. and this is on the back of very strong labor markets. >> 2% growth in which quarter? >> basically on average. >

. >>> mark roberts is ice climbing in the uk. above him are some of the other climbers in his crew, but when there are climbers up above, you try to find good spots, because there is a chance a big chunk of ice will come at you, hit you and that sends him tumbling down the slopes. >> no rope? >> all he had were his axes. >> oh! >> oh. >> he falls for a really long time and in the audio, you can hear him crashing, running into rocky edges of the mountain. >> oh. gosh. >> finally he hits a rocky outcrop that is able to slow his momentum down, and eventually he hits a ledge and his pack ends up stopping him. >> how badly hurt is he? >> he has broken bones and bruises. he said in the moment he knew at least his ankles were injured because they hurt a lot to even try to move them. >> the only option to stop were the axes and it appears he lost them on the way down. >> i wonder if his friends even know this guy is at the bottom of the mountain. >> he immediately gave them thumbs up to let them know he is conscious. they called a rescue

saturday and more than likely, a southern front and other areas and icy precipitation in the corner of the uk and parts of ireland and heavy snow showers in the northern peninsula and out lying region. temperatures are 10 degrees below seasonal in many areas. zero degrees for burling and many areas and zero degrees for moscow. here's your extended forecast.

pipeline pressures certainly are hopping up as they say here in the uk economy. cpi, though, improvement and video games. we'll get a closer look. we will be live with special coverage here on cnbc from 1300 cet. here is a look at u.s. futures as we turn or attention towards the trading session. we have moved lower. it does look like the dow will shed about 4 points at the open. the nasdaq and the s&p pointing slightly lower, too. the index took it on the chin yesterday when it emerged that cypress wouldn't be improving and can wouldn't even be voting on the details of its bank bailin. today, we're still waiting for word as to whether they will vote today, whether banks will, in fact, reopen along the cypriot market on thursday or whether that could potentially stay closed into next week. just how european markets are reacting, by the way, on news that the cypriot government has floated a plan b. this would involve sparing depositors under 20,000. 6.75% on 2200,000. not a huge difference in the ibex is down almost 1% in spain. the cac 40 in france down almost 1%.

. >>> syria's president has just spoken to a british newspaper, prompting one uk official to call it,te, one of the most delusional interviews that any national leader has given in modern times. bashir al assad said british leaders are shallow and immature and said the uk is trying to arm rebels pushing to overthrow him. syria for years has in a civil war that has killed over 70,000 people. >>> new secretary of state john kerry pledged $1 billion to help egypt, meeting with the president and promised more aid if the country implements certain economic and political reforms. also today egypt's state-run news agency said that former president hosni mubarak will be retried in april, after a life sentence for his role in the deaths of protesters two years ago. >>> those ominous and feared forced spending cuts are now officially in place. now what? major stock markets actually went higher on friday and so far there's been no panic on the streets. also, since the cuts will take effect gradually, the political impact may be delayed as well. or will it. let's talk about it with our two favori

it appeared on amazon's uk retail site. the u.s.ts the shirt says it has removed the listing and is apologizin apologizing. the slogan was computer generated and not intentionally created. >>> number four, the man the u.s. says is one of the deadliest terrorists in north africa is dead. that's reporting the chad military. they killed moktar belmoktar in january. more than three dozen hostages, including several americans died in that attack. >>> vice president joe biden will join marchers gathering in selma, alabama, to remember bloody sunday. he will give the keynote speech remembering the activists that were attacked by local and state police while marching in montgomery. >>> today is the first sunday without a pope. it's not clear when there will be a new pope since the election hasn't been set yet. some of the cardinals who are supposed to vote aren't even in the vatican yet, but those top secret meetings are supposed to start tomorrow. john allen joining us now from rome. he's cnn senior vatican analyst and senior correspondent

. >> the first one is in the uk. this camera caught this event by chance. these people were on a fishing trip, then they started hearing noise coming from the mountains up ahead. then rocks started crumbling off. and then -- >> holy moly. >> a landslide. apparently this was caused by the amounts of rain in this area. >> erosion, kids. >> how often do you see that? >> not often. it's great that they were in the right place at the right time. >> and on a tripod. that's a great shot. >> is a great shot. very clear. >> the second video is of a volcano in indonesia. the first video is of the kol vein no volcano in stable states. >> the whole mountain looks like it's smoking. is the whole mountain smoking? >> the whole mountain is actually releasing gases coming from inside the volcano. because of this activity it is causing low-level earthquakes which is causing some of the rockfall that you see on the sides. but also the gases that escape from the cracks and holes around this. >> if you stick around when you're filming this, you see this thing, it looks like it

now she is going to school in the uk. >> reporter: the nation is growing as a democracy and also as a new tourist destination. this man runs a travel agency in myanmar. he uses fluent japanese to communicate with major japanese agencies to organize tours in the country. his business has been booming. it now has 200 japanese travelers every month. that's a jump of 70% from last year. the japanese travel agents can asking his firm to take on more tourists for them but it's proving tough to find good stuff. >> translator: we have a mountain of challenges to overcome. as things stand, we cannot keep up with demand. >> reporter: myanmar's growing tourism industry is experiencing a shortage with tour guides fluent in foreign languages besides english. he has only three hundr300 guidn japanese. they are working with japanese counterparts who have offices in myanmar. in the effort to train more staff, he has now studied a japanese language class for new guides. myanmar's travel sectors faces another hurdle, a shortage of accommodation. the country's largest city has roughly 200 hotels, but it

. >>> tensions are rising i >>> representatives from japan and the uk sponsored it. the three members of the commission will look into north korea's network of political prisons. japan's ambassador cited the abduction of korean nationals. >> japan strongly believes that a inquiry to investigate human rights will provide the council with con degree o-- concrete outcomes. >> the north korean ambassador criticized this. >> of the hostile forces, those human rights abuses have totally nothing to do with it. >> he has said that north koreans face widespread and systematic allegations. >>> last year, members of ansar dean. they were associated with al qaeda. it prompted french forces to intervene in the fighting in the former french colony. some security analysts suspect a link between it and a hostage siege at a gas plant in algeria. 10 japanese were killed. >>> u.s. commanders decided to have a military presence in niger. >>> musharraf says had will return to pakistan for an election in may. he will reportedly fly back on sunday. there are mixed reactions of people waiti